COVIC
Open bankruptcyFinancials · financial year 2024, full format
2024 annual accounts filed 26 days after the deadline Filed on 26 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00425244.
Annual accounts 2024 filed on 26-08-2025 PDF all 29 filings
Turnover
€57,627▼ 19.8%
2019 · €71,837
EBIT margin
4.7%▲ 26.4pp
2019 · -21.8%
Net result
-€8,975▲ 69.0%
2023 · -€28,912
Working capital
-€416,597▼ 1.6%
2023 · -€410,144
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
no figure
2024
20182024
Operating result
-€8,929
▲ 69.1%
2024
20182024
Net result
-€8,975
▲ 69.0%
2024
middle half of the sector
20182024
EBIT margin
no figure
2024
20182024
Equity
-€416,597
▼ 2.2%
2024
lowest quarter of the sector
20182024
Total assets
€805
▼ 91.6%
2024
lowest quarter of the sector
20182024
Debt
€417,402
▲ 0.1%
2024
20182024
Working capital
-€416,597
▼ 1.6%
2024
lowest quarter of the sector
20182024
Current ratio
no figure
2024
20182024
Return on assets (ROA)
no figure
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€70,919-€71,837▲ 1.3%€57,627▼ 19.8%
Operating result-€13,384--€15,651▼ 16.9%€2,682€15,619▲ 482%-€19,740-€28,869▼ 46.2%-€8,929▲ 69.1%
Net result-€13,413--€15,547▼ 15.9%€2,651within the sector's middle half€17,000within the sector's middle half▲ 541%-€19,777below the sector's middle half-€28,912below the sector's middle half▼ 46.2%-€8,975within the sector's middle half▲ 69.0%
EBIT margin-18.9%--21.8%▼ 2.9pp4.7%▲ 26.4pp
Equity-€363,037--€378,584▼ 4.3%-€375,933below the sector's middle half▲ 0.7%-€358,933below the sector's middle half▲ 4.5%-€378,711below the sector's middle half▼ 5.5%-€407,622below the sector's middle half▼ 7.6%-€416,597below the sector's middle half▼ 2.2%
Total assets€6,062-€5,347▼ 11.8%€13,943below the sector's middle half▲ 161%€30,586below the sector's middle half▲ 119%€12,941below the sector's middle half▼ 57.7%€9,554below the sector's middle half▼ 26.2%€805below the sector's middle half▼ 91.6%
Debt€369,099-€383,931▲ 4.0%€389,876▲ 1.5%€389,520▼ 0.1%€391,651▲ 0.5%€417,177▲ 6.5%€417,402▲ 0.1%
Working capital-€365,746--€380,982▼ 4.2%-€378,021below the sector's middle half▲ 0.8%-€362,250below the sector's middle half▲ 4.2%-€381,630below the sector's middle half▼ 5.3%-€410,144below the sector's middle half▼ 7.5%-€416,597below the sector's middle half▼ 1.6%
Current ratio0.01-0.01=0.03below the sector's middle half▲ 0.020.07below the sector's middle half▲ 0.040.03below the sector's middle half▼ 0.040.02below the sector's middle half▼ 0.01
Return on assets (ROA)-221.3%--290.8%▼ 69.5pp19.0%above the sector's middle half▲ 309.8pp55.6%above the sector's middle half▲ 36.6pp-152.8%below the sector's middle half▼ 208.4pp-302.6%below the sector's middle half▼ 149.8pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a loss of €8,929, smaller than the loss of €28,869 in 2023.
Key figures and ratios
Debt ≤ 1 year
€417,402▲
2023 · €417,177
Supplier credit
0 days▼
2023 · 1 day
The ratios are withheld because a balance sheet total of €805 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €1,590 | - | - | - |
| Depreciation and write-downs of the year | €361 | €398 | €398 | - |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €70,919 | €71,837 | €57,627 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €40,277 | €88,455 | €83,682 | €27,720 | ▼ 66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €469 | €311 | €310 | €361 | €398 | €398 | - | - |
| Other operating charges640/8 | - | - | - | €188 | €774 | €1,465 | €1,500 | ▲ 2.4% |
| Gross operating margin9900 | -€11,611 | -€15,340 | €3,675 | €16,168 | -€18,568 | -€27,006 | -€7,429 | ▲ 72.5% |
| Operating profit (loss)9901 | -€13,384 | -€15,651 | €2,682 | €15,619 | -€19,740 | -€28,869 | -€8,929 | ▲ 69.1% |
| Financial income75/76B | - | - | - | €1,410 | €0 | €0 | - | - |
| Recurring financial income75 | - | - | - | €1,410 | €0 | €0 | - | - |
| Financial charges65/66B | - | - | - | €29 | €38 | €43 | €46 | ▲ 5.8% |
| Recurring financial charges65 | €29 | €29 | €32 | €29 | €38 | €43 | €46 | ▲ 5.8% |
| Profit (loss) for the period before taxes9903 | -€13,413 | -€15,547 | €2,651 | €17,000 | -€19,777 | -€28,912 | -€8,975 | ▲ 69.0% |
| Profit (loss) for the period9904 | -€13,413 | -€15,547 | €2,651 | €17,000 | -€19,777 | -€28,912 | -€8,975 | ▲ 69.0% |
| Profit (loss) for the period to be appropriated9905 | -€13,413 | -€15,547 | €2,651 | €17,000 | -€19,777 | -€28,912 | -€8,975 | ▲ 69.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €6,062 | €5,347 | €13,943 | €30,586 | €12,941 | €9,554 | €805 | ▼ 91.6% |
| Fixed assets21/28 | €2,709 | €2,398 | €2,088 | €3,316 | €2,919 | €2,521 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €931 | €620 | €310 | €1,539 | €1,141 | €744 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €1,539 | €1,141 | €744 | €0 | ▼ 100% |
| Financial fixed assets28 | €1,778 | €1,778 | €1,778 | €1,778 | €1,778 | €1,778 | €0 | ▼ 100% |
| Current assets29/58 | €3,353 | €2,949 | €11,855 | €27,270 | €10,022 | €7,033 | €805 | ▼ 88.6% |
| Amounts receivable within one year40/41 | - | €1,084 | €2,329 | €1,548 | €1,357 | €1,670 | €369 | ▼ 77.9% |
| Trade receivables40 | - | - | - | €1,230 | €971 | €1,308 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €319 | €386 | €363 | €369 | ▲ 1.6% |
| Cash at bank and in hand54/58 | €3,148 | €1,659 | €9,526 | €23,880 | €8,665 | €5,362 | €436 | ▼ 91.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,842 | €0 | €0 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €6,062 | €5,347 | €13,943 | €30,586 | €12,941 | €9,554 | €805 | ▼ 91.6% |
| Equity10/15 | -€363,037 | -€378,584 | -€375,933 | -€358,933 | -€378,711 | -€407,622 | -€416,597 | ▼ 2.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €15,300 | €15,300 | €15,300 | €15,300 | €15,300 | €15,300 | €15,300 | = |
| Distributable reserves133 | - | - | - | €15,300 | €15,300 | €15,300 | €15,300 | = |
| Profit (loss) carried forward14 | -€396,937 | -€412,484 | -€409,833 | -€392,833 | -€412,611 | -€441,522 | -€450,497 | ▼ 2.0% |
| Amounts payable17/49 | €369,099 | €383,931 | €389,876 | €389,520 | €391,651 | €417,177 | €417,402 | ▲ 0.1% |
| Amounts payable within one year42/48 | €369,099 | €383,931 | €389,876 | €389,520 | €391,651 | €417,177 | €417,402 | ▲ 0.1% |
| Trade debts44 | €6,448 | €5,974 | €4,962 | €56 | €167 | €314 | €22 | ▼ 93.0% |
| Suppliers440/4 | - | - | - | €56 | €167 | €314 | €22 | ▼ 93.0% |
| Taxes, remuneration and social security45 | - | - | - | - | €2,000 | €0 | €0 | - |
| Remuneration and social security454/9 | - | - | - | - | €2,000 | €0 | €0 | - |
| Other amounts payable47/48 | - | - | - | €389,464 | €389,484 | €416,863 | €417,380 | ▲ 0.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,413 | -€15,547 | €2,651 | €17,000 | -€19,777 | -€28,912 | -€8,975 | ▲ 69.0% |
| + Depreciation and write-downs630 | €469 | €311 | €310 | €361 | €398 | €398 | - | - |
| Operating cash flow (approximation) | -€12,944 | -€15,236 | €2,961 | €17,362 | -€19,380 | -€28,514 | -€8,975 | ▲ 68.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,590 | €0 | €0 | €2,521 | - |
| Change in cash | - | -€1,489 | €7,867 | €14,354 | -€15,214 | -€3,303 | -€4,926 | ▼ 49.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 26-08-2025 | 2025-00425244 | |
| 31-12-2023 | full format | 20-08-2024 | 2024-00361000 | |
| 31-12-2022 | full format | 24-07-2023 | 2023-00280790 | |
| 31-12-2021 | full format | 30-08-2022 | 2022-20379543 | |
| 31-12-2020 | full format | 27-08-2021 | 2021-56600301 | |
| 31-12-2019 | full format | 22-09-2020 | 2020-54900138 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-59600503 | |
| 31-12-2017 | full format | 25-07-2018 | 2018-39300502 | |
| 31-12-2016 | full format | 28-08-2017 | 2017-53100541 | |
| 31-12-2015 | full format | 26-08-2016 | 2016-52400010 |